AUSTRALIA TO PHASE OUT SINGLE-USE PLASTICS FROM 2025

Highlights:

• The single use plastics are going to be phased out in Australia from the year 2025
• The plastics also includes the plastic utensils and straws

The plastic cutlery and the straws have been among the types of the single-use ...

CHRYSCAPITAL INVESTS USD 50 MILLION IN SAFEX CHEMICALS

HIGHLIGHTS

• ChrysCapital is investing US $ 50 million in Safex Chemicals.
• The revenue of Safex has increased at a CAGR of 26% over the last four years.
• With its pan-India presence, Safex Chemicals has a network spanning more than 10,000 dist...

AUSTRALIA: PLAN FOR RULES FOR CHEMICALS AND PESTICIDES CRITICISED BY ENVIRONMENT GROUPS

Highlights:

• The environment and health groups in Australia have criticised the plan for relaxing the rules for chemicals and pesticides in the country
• The environment and health groups have been saying that, they are totally at the odds with the publi...

UK GOVERNMENT ANNOUNCED RESTRICTIONS UNDER NEW CHEMICAL REGIME

Highlights:

• The government of United Kingdom announced the restrictions under the new chemical regime of the country
• Several of the new harmful substances, which are normally found in the tattoo inks and the permanent make up can also be restricted

LAXMI ORGANIC RAISES CASH FROM 15 ANCHOR INVESTORS

HIGHLIGHTS

• Laxmi Organic Industries Limited has raised Rs. 180 ten-million from 15 anchor investors a day before its Issue Opening.
• Based in Mumbai, Laxmi Organic Industries Limited manufactures specialty chemicals.

Mumbai-based spec...

BOARD OF INDIA GLYCOLS APPROVES TRANSFER OF BIOEO BIZ

HIGHLIGHTS

• Board of India Glycols has approved the transfer of BioEO biz to IGL Green Chemicals.
• Now Clariant as majority partner in IGL Green Chemicals.

The Board of India Glycols approved the execution of the business transfer agre...

PILBARA MINERALS OF AUSTRALIA TO LAUNCH DIGITAL LITHIUM PLATFORM

Highlights:

• The company Pilbara Minerals is going to launch a digital lithium platform in Australia
• The platform is going to include the downstream lithium chemical products

One of the leading lithium producer company of Australia &l...

AUSTRALIA PLANS TO BAN BIODEGRADABLE PLASTIC

Highlights:

• The government of Australia is banning the biodegradable plastic in the country
• The plan is going to fight against the use of plastics on various fronts including the beaches and banning the polystyrene packaging for takeaway products
...

AUSTRALIA: SCIENTISTS ADAPTED SOLAR ENERGY TECHNOLOGY TO DESIGN SYSTEM FOR DETECTING HARMFUL CHEMICALS

Highlights:

• The scientist in Australia have adapted the solar energy technology for detecting the harmful pesticides and chemical agents
• The scientists have adapted the component from the cutting edge solar cells for designing a system for the deadly ...

INDIAN SPECIALTY CHEMICALS MARKET TO BE WORTH USD 40 BILLION BY 2025

HIGHLIGHTS

• Asia is an attractive market for specialty chemicals globally.
• Opportunity for local specialty chemicals manufacturers are growing in India.
• Indian companies need to enhance efforts to realize maximum advantage from the growth po...

MAJORITY STAKE IN ZCL CHEMICALS TO BE ACQUIRED BY ADVENT INTERNATIONAL

HIGHLIGHTS

• ZCL Chemicals is selling a majority stake in its company to Advent International.
• This acquisition fixes an enterprise valuation of ?1,700 billion for pharma firm ZCL Chemicals.

US-based private equity firm Advent Internat...

TATA CHEMICALS TO START NUTRACEUTICALS BUSINESS

HIGHLIGHTS

• Tata Chemicals is starting nutraceuticals business.
• The new business comes after Basic Chemistry Products and Specialty Chemistry Products.

Incorporated in the year 1939, Tata Chemicals Ltd has started the new business of ...

AVANTIUM TARGETS NET-ZERO OPERATIONS FOR FOSSIL-FREE CHEMICALS SECTOR

Highlights:

• The company Avantium in the United Kingdom has launched its Chain Reaction 2030 plan last week
• The Chain Reaction 2030 has been launched for revamping the principles listed in as manifesto of sustainability

The chemical c...

TATA CHEMICALS MAY ACQUIRE ARCHEAN’S INDUSTRIAL SALT UNIT

HIGHLIGHTS

• Talks between Tata Chemicals and Archean Group are at an advanced level.
• Talks are about Tata chemicals acquiring the industrial salt unit of Archean Group.
• The industrial salt unit is worth ?450 billion (US $61 million) at a min...

UNITED KINGDOM’S PLASTIC INDUSTRY LAUNCHES NEW PLASTIC WASTE RECYCLING STRATEGY

Highlights:

• The British Plastics federation or BPF has launched a new strategy for minimising the export of the plastic waste from the United Kingdom
• The BPF believes that, the United Kingdom can achieve the rates of recycling by the year 2030
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NEW CHEMICALS REGIME LAUNCHED IN THE UNITED KINGDOM

Highlights:

• The government of United Kingdom has launched the new chemicals regime in the country
• The government of the United Kingdom had worked very closely with the stakeholders, partners and industry for developing a new IT system

EUROPEAN UNION BANS PLASTIC WASTE FOR BEING SHIPPED TO DEVELOPING COUNTRIES FROM 1ST JANUARY 2021

Highlights:

• The European Union has banned the plastic waste for being shipped to the developing countries
• The large quantity of the plastic waste, which has been sent to the southern region of the Globe is not being treated properly

...

EUROPEAN COUNTRIES AND COMPANIES PLEDGED TO RECYCLE PLASTIC WASTES

Highlights:

• The multiple companies and the European nations have made a commitment to reduce the plastic waste
• This is an initiative taken, which has been aiming for creating a cross-border circular economy for the material in the next five years
...

YARA PLANNING TO PRODUCE GREEN AMMONIA IN NORWAY

Highlights:

• The company ‘Yara’ is planning to produce green ammonia in Norway
• The fertilizer giant of Norway said that, the primary use of the green ammonia is going to be fuel instead of fertilizer

The company Yara, whic...

PESTICIDES LABELS TO INCLUDE MODE OF ACTION INFORMATION IN UNITED KINGDOM FROM 2023

Highlights:

• The labels on the pesticides will be including the mode of action on them from the year 2023 in United Kingdom
• The labelling will be helping the farmers and the agronomists for tackling against the threat of resistance

Th...